Industry

Sri Lanka’s LOLC group leisure assets under Browns unit

Mar 21, 2014 (LBO) - Sri Lanka's Lanka Orix Leasing Company Plc said it had sold a 70 percent stake in LOLC Leisure, a hotel company, to Browns Investments …

Sri Lanka Telecom to develop property holdings

Mar 19, 2014 (LBO) - Sri Lanka Telecom group said it had set up a separate company to develop its "extensive property portfolio" around the country which was …

Sri Lanka target Russian and Ukraine visitors with beach festival

Mar 19, 2014 (LBO) - A beach festival in Bentota in Southwestern Sri Lanka will kick off next week targeting water sports lovers and tourists, particularly …

Military Chief

Mar 17, 2014 (LBO) - Former Sri Lanka Air Force chief Air Chief Marshal Harsha Abeywickrema has assumed duties at chairman of state-run Bank of Ceylon. buy …

Vehicle Trend

Mar 17, 2014 (LBO) - Sri Lanka's vehicle registrations have dropped to 23,130 units in February 2014, the lowest since April 2010, with a sharp drop in …

Sri Lanka Hambantota port industries to be powered by LNG

Mar 15, 2014 (LBO) - Sri Lanka Ports Authority is in discussions with an Australia based firm to set up a liquefied natural facility to drive an industrial …

Missing MH370, hypoxia or hijack to blame?

Mar 15, 2014 (LBO) - As the US deployed aircraft and ships to the Indian Ocean capable of underwater listening facilities, more details have emerged about a …

Sri Lanka tourist arrivals up 24-pct in February

Mar 14, 2014 (LBO) - Sri Lanka's tourist arrivals rose 24. online pharmacy buy zovirax with best prices today in the USA 5 percent to 141,878 in February 2014 …

New US lead thrusts Malaysia jet search into Indian Ocean

KUALA LUMPUR, March 14, 2014 (AFP) - The needle-in-a-haystack hunt for a missing Malaysian airliner spread to the vast Indian Ocean Friday after the White …

Mystery deepens as Malaysia MH370 recalls earlier ‘ghost’ flights

Mar 13, 2013 (LBO) - The mystery over a missing Malaysia Airline flight has deepened with reports that it may have been airborne for hours, recalling earlier …

Cloud Service

Mar 13, 2014 (LBO) - Sri Lanka Telecom said it had started a cloud computing service branded 'akaza' as it deploys high speed broadband internet around the …

Malaysia seeks more Sri Lankan visitors amid visa fee hike

Mar 12, 2014 (LBO) - Malaysia is seeking more visitors from Sri Lanka and an expansion of weekly flights, amid a ten-fold hike in visa fees that has made …

Plastic Cash

Mar 11, 2014 (LBO) - Sri Lanka's Commercial Bank of Ceylon says it has seen a sharp increase in payments by debit card and 400,000 new cards had been issued …

Sri Lanka Lee Hedges in US$9mn office complex

Mar 11, 2015 (LBO) - Lee Hedges Plc, a unit of Sri Lanka's Pioneer group of companies will build a 1.buy stendra online buy stendra online no prescription 2 …

Tele Effort

HANOVER, March 9, 2014 (AFP) - Britain and Germany will team up to work on developing the next super-fast mobile network, 5G, Prime Minister David Cameron told …

Marine Cable

Mar 10, 2014 (LBO) - Sri Lanka Telecom said it is partnering with 15 other operators to build a new submarine cable system spanning South East Asia, Middle …

Rail Deal

Mar 09, 2014 (LBO) - A 600 million US dollar contract to extend a rail track from Beliatta to Kataragama in Sri Lanka's South has been awarded to China …

Reclaiming Controversy

Mar 09, 2014 (LBO) - State-run Sri Lanka Port Authority has responded to criticism over the award of an unsolicited sea reclamation project to a Chinese firm …

Sri Lanka electrocution deaths excessively high: regulator

Mar 07, 2014 (LBO) - Excessively large numbers of people are dying in Sri Lanka from electrocution partly due to illegal power tapping, unsafe practices and …

SriLanka Airlines to join oneworld from May 01

Mar 07, 2014 (LBO) - State-run SriLankan Airlines said it is on track to join OneWorld, a global alliance of carriers on May 01, following the successful …